Labcorp Narrows FY24 Outlook Range - Update

RTTNews | 491天前
Labcorp Narrows FY24 Outlook Range - Update

(RTTNews) - While reporting financial results for the first quarter on Thursday, life sciences company Labcorp (LH) narrowed adjusted earnings and revenue growth guidance range for the full-year 2024.

For the fiscal 2024, the company now projects adjusted earnings in a range of $14.45 to $15.35 per share on revenue growth of 4.8 to 6.4 percent.

Previously, the company expected adjusted earnings in the range of $14.30 to $15.40 per share on revenue growth of 4.7 to 6.5 percent.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $14.82 per share on revenue growth of 4.9 percent to $12.76 million for the quarter. Analysts' estimates typically exclude special items.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

read more
Labcorp Completes Spin-off Of Fortrea

Labcorp Completes Spin-off Of Fortrea

Laboratory services company Labcorp (LH) announced Monday that it has completed the spin-off of Fortrea, the newly formed independent Contract Research Organization providing Phase I-IV clinical trial management, patient access and technology solutions to pharmaceutical and biotechnology organizations around the world.
RTTNews | 788天前
Swiss Market Ends Modestly Lower

Swiss Market Ends Modestly Lower

Save for a very brief while early on in the session, and for less than an hour a little past mid afternoon, the Switzerland market stayed in negative territory on Friday with investors largely staying cautious due to a lack of positive triggers.
RTTNews | 2小时37分钟前
European Stocks Close Lower On Geopolitical Tensions

European Stocks Close Lower On Geopolitical Tensions

European stocks closed lower on Friday, weighed down by geopolitical concerns due to rising clashes in Gaza and Ukraine, and political uncertainty in France. Investors also digested the latest batch of economic data, including the closely watched U.S. personal consumption expenditure report.
RTTNews | 3小时5分钟前
Chicago Business Barometer Slumps Much More Than Expected In August

Chicago Business Barometer Slumps Much More Than Expected In August

MNI Indicators released a report on Friday showing a sharp pullback by its reading on Chicago-area business activity in the month of August. The report said the Chicago business barometer tumbled to 41.5 in August after jumping to 47.1 in July, with a reading below 50 indicating contraction. Economists had expected the business barometer to edge down to 46.0.
RTTNews | 6小时9分钟前